Kodak 2004 Annual Report Download - page 136

Download and view the complete annual report

Please find page 136 of the 2004 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 192

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

Board
27
E A S T M A N฀ K OD A K ฀ C O M PA N Y
Committee฀Membership
฀ ฀ ฀฀ Corporate฀Responsibility฀฀ Executive฀Compensation฀฀ Finance
฀ Director฀Name฀ Audit฀Committee฀฀ and฀Governance฀Committee฀฀ and฀Development฀Committee฀ Committee
฀ Richard฀S.฀Braddock฀ ฀X฀ ฀ ฀ ฀ ฀ ฀X฀ ฀
฀ Martha฀Layne฀Collins฀ ฀฀ ฀ X฀ ฀X฀ ฀
฀ Timothy฀M.฀Donahue฀ ฀X฀ ฀ ฀ ฀X*
฀ Michael฀J.฀Hawley฀ ฀฀ ฀ X฀ ฀ ฀ ฀X฀
฀ William฀H.฀Hernandez฀ ฀X*฀ ฀ ฀ ฀ ฀ ฀X฀
฀ Durk฀I.฀Jager฀ ฀฀ ฀ X฀ ฀ ฀ ฀X*
฀ Debra฀L.฀Lee฀ ฀฀ ฀ X*฀ ฀X฀ ฀
฀ Delano฀E.฀Lewis฀ ฀฀ ฀ X฀ ฀ ฀ ฀X
฀ Paul฀H.฀O’Neill฀ ฀X฀ ฀ ฀ ฀X฀ ฀
฀ Hector฀de฀J.฀Ruiz฀ ฀X฀ ฀ ฀ ฀X฀ ฀฀
฀ Laura฀D’Andrea฀Tyson฀ ฀฀ ฀ X฀ ฀ ฀ ฀X
฀ *Chair฀
OTHER฀BOARD฀MATTERS฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀฀
Presiding฀Director
Our฀Board฀created฀the฀position฀of฀Presiding฀Director฀in฀February฀2003.฀Richard฀S.฀Braddock฀has฀been฀designated฀the฀Board’s฀Presiding฀Director.฀The฀
primary฀functions฀of฀the฀Presiding฀Director฀are฀to:฀1)฀ensure฀that฀our฀Board฀operates฀independently฀of฀our฀management;฀2)฀chair฀the฀meetings฀of฀the฀
independent฀directors;฀3)฀act฀as฀the฀principal฀liaison฀between฀the฀independent฀directors฀and฀the฀CEO;฀and฀4)฀assist฀the฀Board฀in฀its฀understanding฀of฀the฀
boundaries฀between฀Board฀and฀management฀responsibilities.฀A฀more฀detailed฀description฀of฀the฀Presiding฀Director’s฀duties฀can฀be฀found฀at฀฀฀
www.kodak.com/go/governance.
Meeting฀Attendance
In฀February฀2004,฀our฀Board฀adopted฀a฀“Director฀Attendance฀Policy.”฀A฀copy฀of฀this฀policy฀is฀attached฀as฀an฀appendix฀to฀our฀Corporate฀Governance฀Guide-
lines,฀which฀are฀attached฀as฀Exhibit฀IV.฀Under฀this฀new฀policy,฀all฀of฀our฀directors฀are฀strongly฀encouraged฀to฀attend฀our฀annual฀meetings฀of฀shareholders.
In฀2004,฀the฀Board฀held฀a฀total฀of฀10฀meetings.฀Each฀director฀attended฀in฀excess฀of฀75%฀of฀the฀meetings฀of฀the฀Board฀and฀committees฀of฀the฀Board฀on฀
which฀the฀director฀served.฀All฀of฀our฀directors฀attended฀our฀2004฀annual฀meeting฀of฀shareholders, except Mr. Donahue, who was excused due to his ฀
attendance฀at฀a฀Board฀of฀Directors฀meeting฀of฀Nextel฀Communications,฀Inc.
Executive฀Sessions
Executive฀sessions฀of฀our฀non-management฀directors฀are฀held฀at฀least฀four฀times฀a฀year.฀These฀sessions฀are฀chaired฀by฀our฀Presiding฀Director.
When฀all฀of฀our฀non-management฀directors฀are฀not฀independent,฀the฀independent฀members฀of฀our฀Board฀will฀meet฀in฀executive฀session฀at฀least฀once฀a฀year.฀
Our฀Presiding฀Director฀will฀chair฀these฀meetings.
In฀2004,฀all฀of฀our฀non-management฀directors฀were฀independent.฀They฀met฀in฀executive฀session฀four฀times.฀฀
Communications฀with฀Our฀Board
The฀Board฀maintains฀a฀process฀for฀our฀shareholders฀and฀other฀interested฀parties฀to฀communicate฀with฀the฀Board฀of฀Directors.฀Shareholders฀and฀inter-
ested฀parties฀who฀wish฀to฀communicate฀with฀the฀Board฀or฀the฀independent฀directors฀as฀a฀group฀may฀send฀an฀email฀to฀our฀Presiding฀Director฀at฀presid-
ing-director@kodak.com฀or฀may฀send฀a฀letter฀to฀our฀Presiding฀Director฀at฀P.O.฀Box฀92818,฀Rochester,฀NY฀14650.฀Communications฀sent฀by฀email฀will฀go฀
simultaneously฀to฀Kodak’s฀Presiding฀Director฀and฀Corporate฀Secretary.฀Our฀Corporate฀Secretary฀will฀review฀communications฀sent฀by฀mail฀and฀if฀they฀are฀
relevant฀to,฀and฀consistent฀with,฀Kodak’s฀operations,฀policies฀and฀philosophies,฀they฀will฀be฀forwarded฀to฀the฀Presiding฀Director.฀By฀way฀of฀example,฀com-
munications฀that฀are฀unduly฀hostile,฀threatening,฀illegal฀or฀similarly฀inappropriate฀will฀not฀be฀forwarded฀to฀the฀Presiding฀Director.฀Our฀Corporate฀Secretary฀